Klondike Silver Arranges Loans
Our Vision: Silver/Zinc/Lead Production
KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
KLONDIKE SILVER ARRANGES LOANS
February 22, 2023 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) has
arranged loans with various non -related parties (the “ Lenders”), pursuant to which the Lenders have
agreed to loan a total of Cdn$100,000 to the Company. The loans bear interest at 10% and are repayable
in one year. In consideration for the loans, the Company has also agreed to issue 400,000 bonus common
shares, at a deemed price of $0.05 per share. The shares are subject to a four month and one -day hold
period, in accordance with the policies of the TSX Venture Exchange and applicable securities law. Loan
proceeds will be used for working capital. The terms of the loan are subject to acceptance by the TSX
Venture Exchange.
About Klondike Silver
Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.
Klondike’s 116 square kilometer claim block is 138 km north of the Trail B.C. smelter.
Klondike Silver is exploring from underground, along the 9 km “Main Lode”. The “Main Lode” is
the most prolific mineralized structure in the Slocan Mining Camp.
There are 13 historical mines that are situate d along the “Main Lode” which have produced
886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).
Additional information can be found on Klondike Silver’s website: www.klondikesilver.com
On Behalf of the Board of Directors Contact Information
Klondike Silver Corp. Corporate Inquiries:
"Thomas Kennedy" Dale Dobson: (604) 682-2928
Thomas Kennedy, B.Comm., J.D. Email: [email protected]
CEO, Director
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KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release . The TSX Venture Exchange has not
reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy
of the contents of this news release.
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute “ forward-looking information” under applicable Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work
programs and objectives and expected results from such work programs. Forward -looking information necessarily involve
known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access
sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other
risks.
Forward-looking informa tion is necessarily based upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such forward -looking information and the risks identified
in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should
not place undue reliance on forward -looking information. All forward -looking information contained in this news release is
given as of the date hereof and is based upon t he opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise, except as required by law.